Bitcoin is Huge in China, Even Bigger Than Real Money

I would call this the Bitcoin IPO, someone in Congress figured that Bitcoin needed to be legit so they could use the "Silk Road" money, and, well, they made it happen.

Another reason for the explosion to $600 per coin is that a surge in Asia is partly responsible. A Bitcoin conference was held in Singapore last week, and speculation suggests that the subsequent coverage in the Chinese press is responsible for the massive surge. When you get a country with a population of one billion people on board, that’s sure to affect a currency. Another related factor could be that BTC China — the world’s largest volume Bitcoin exchange — received five million dollars in financing, further legitimizing Bitcoin in the public’s eye.

With any luck Bitcoin farmers can now justify their efforts and stop the spread of people who figure they are wasting electricity and make it harder for authorities to track down "grow farms" in the process.

In other news Asrock now has a motherboard dedicated to Bitcoin mining.  Its basically a motherboard with seven PCI-Express slots which allows to you to "ribbon connect" video cards and build a pretty rocking GPU SuperComputer.

Related Web URL: http://www.extremetech.com/extreme/171173-bitcoin-...